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Industry News

Oregon Commits Investments to Brazil, TPG

29 April 2011

(PI Online) April 29, 2011 – Oregon Investment Council, Tigard, committed $100M each to the Brazil Real Estate Opportunities Fund II, managed by Vision Brazil Investments, and TPG Specialty Lending, said spokesman James Sinks.

The Brazil fund has a $500 million target and is expected to invest in office, industrial and retail as well as development projects in Brazil, according to materials from the board’s Wednesday meeting.

TPG Specialty Lending is a private business development company that will make loans to middle-market companies.

TPG Specialty is raising $800 million to $1 billion in capital; its structure will allow the company to go public at a later time, according to a memo to the council from its private equity consultant PCG Asset Management. The company is expected to have a first close with $300 million in April, the memo stated.

The council manages the $58.8 billion Oregon Public Employees Retirement Fund, Salem.

By Arleen Jacobius.

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